Finnish retailer Kesko Oyj reported a 6.9% rise in October sales to 1.2 billion euros, with growth across all its business divisions.
The results provide a positive data point for the company, which has twice lowered its full-year profit forecast in 2025 due to a persistent slowdown in the construction market.
Sales in the building and technical trade division rose 12.0% to 491.3 million euros, boosted by recent acquisitions, the company said.
On a comparable basis, which excludes the impact of acquisitions, sales in the division increased 3.1%, reversing a 9.4% comparable decline reported in October of the previous year.
The grocery trade division, Kesko's largest, saw sales increase by 3.6% to 586.1 million euros.
In the car trade division, sales grew 3.3% as an increase in used car and service sales offset a decline in new car sales.
"In the building and technical trade division, sales increased in comparable terms in both building and home improvement trade and technical trade," President and CEO Jorma Rauhala said in a statement.
For the first ten months of the year, Kesko's group sales were up 4.6% to 10.66 billion euros.
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